Today I saw that the German payment provider DECTA mentioned that with the full implementation of the European "Markets in Crypto-Assets Regulation" (MiCA) in 2026, the euro-pegged stablecoin market may face a critical turning point.

I can't help but feel that euro stablecoins have been really stifled in recent years. It's not that they can't be developed; it's that there's nowhere to use them. Banks are hesitant to adopt, payment institutions dare not touch them, and project teams spend every day drawing cross-border payment plans in PPTs, while in reality, even exchanging euros isn't smooth.

Now that MiCA is about to be fully implemented, DECTA gives a prediction: in 2026, euro stablecoins will reach a crucial turning point.

But first, let's clarify one thing: what MiCA does is not at all romantic. It’s not here to liberate crypto; it’s here to clean up the mess.

How to hold reserves? Who can issue? Who to turn to if something goes wrong?

These questions were previously all based on project teams' empty promises. Now they’re no longer viable; rules are set in stone, responsibilities locked in.

So don’t misunderstand—MiCA is not good news for many euro stablecoins; it’s a cleanup.

And there's another fact that many people dislike hearing: in the short term, euro stablecoins are not meant for retail investors.

Their first users will definitely be: corporate settlements, cross-border remittances, tokenized asset clearing, and on-chain interfaces for Web2 financial institutions.

What's more heartbreaking is that after MiCA, euro stablecoins won't flourish in many varieties; only a few will remain that look like banks but run on the chain. Not fun, but practical. Not glamorous, but sustainable.

MiCA is not a trend; it's an access gate. When the gate opens, it’s not that everyone rushes in together, but that most are kept outside, while a small group stays behind to work.

#MiCA # Euro stablecoins